Primoris Services jumps as UBS boosts price target ahead of earnings and deal optimism

Primoris Services Corporation (PRIM) is up 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to fresh bullish analyst commentary, highlighted by a notable price-target increase from UBS, as investors position ahead of Primoris’ first-quarter 2026 earnings release. Recent enthusiasm around Primoris’ push into electrical and data-center infrastructure via its announced PayneCrest acquisition may also be supporting sentiment.

Details:

UBS maintained a Buy rating on PRIM and raised its price target to $212 from $176 in a note dated May 4, 2026.

Primoris has scheduled its first-quarter 2026 financial results release for after market close on May 5, 2026, followed by a conference call the next morning.

Primoris announced a definitive agreement to acquire PayneCrest Electric in an all-cash transaction valued at $422 million, expanding its electrical construction capabilities.

Primoris disclosed estimates for the acquisition’s 2026 contribution, including incremental revenue and adjusted EBITDA ranges, reinforcing expectations for growth in higher-demand end markets.

Sources:

Primoris Services Investor Relations, MarketBeat, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PRIM Insider Trading Activity

$PRIM insiders have traded $PRIM stock on the open market 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $PRIM stock by insiders over the last 6 months:

PATRICIA K WAGNER sold 13,491 shares for an estimated $1,689,454
JOHN P. SCHAUERMAN sold 7,815 shares for an estimated $1,062,840
DAVID LEE KING (INTERIM PRESIDENT & CEO) sold 3,500 shares for an estimated $455,000
CARLA S MASHINSKI sold 2,082 shares for an estimated $281,361
TERRY D MCCALLISTER has made 2 purchases buying 22 shares for an estimated $3,310 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$PRIM Hedge Fund Activity

We have seen 245 institutional investors add shares of $PRIM stock to their portfolio, and 253 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,551,415 shares (+74.8%) to their portfolio in Q4 2025, for an estimated $440,872,658
WELLINGTON MANAGEMENT GROUP LLP added 1,082,218 shares (+163.0%) to their portfolio in Q4 2025, for an estimated $134,346,542
MEREWETHER INVESTMENT MANAGEMENT, LP added 781,700 shares (+inf%) to their portfolio in Q4 2025, for an estimated $97,040,238
NORGES BANK added 751,234 shares (+922.4%) to their portfolio in Q4 2025, for an estimated $93,258,188
STATE STREET CORP added 728,646 shares (+56.8%) to their portfolio in Q4 2025, for an estimated $90,454,114
VANGUARD GROUP INC added 466,192 shares (+7.8%) to their portfolio in Q4 2025, for an estimated $57,873,074
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 407,633 shares (-75.3%) from their portfolio in Q4 2025, for an estimated $50,603,560

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$PRIM Congressional Stock Trading

Members of Congress have traded $PRIM stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $PRIM stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 5 times. They made 1 purchase worth up to $15,000 on 03/03 and 4 sales worth up to $60,000 on 02/18, 12/11, 11/24, 11/06.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$PRIM Analyst Ratings

Wall Street analysts have issued reports on $PRIM in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Sell" rating on 11/24/2025

To track analyst ratings and price targets for $PRIM, check out Quiver Quantitative's $PRIM forecast page.

$PRIM Price Targets

Multiple analysts have issued price targets for $PRIM recently. We have seen 8 analysts offer price targets for $PRIM in the last 6 months, with a median target of $169.5.

Here are some recent targets:

Steven Fisher from UBS set a target price of $212.0 on 05/04/2026
Joseph Osha from Guggenheim set a target price of $195.0 on 04/20/2026
Mark Strouse from JP Morgan set a target price of $171.0 on 04/01/2026
Jerry Revich from Wells Fargo set a target price of $168.0 on 02/26/2026
Maheep Mandloi from Mizuho set a target price of $143.0 on 02/25/2026
Brent Thielman from DA Davidson set a target price of $180.0 on 02/25/2026
Adam Bubes from Goldman Sachs set a target price of $133.0 on 01/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.